Gambling Webhosting and Licensing

Tuesday, 22 September 2015

Online gambling - jurisdictions - Denmark

Denmark gambling licenses

Denmark has historically taken a progressive stance on environmental preservation; in 1971 Denmark established a Ministry of Environment and was the first country in the world to implement an environmental law in 1973. Denmark is home to Carlsberg and its famous slogan, 'probably the best beer in the world', and having been ranked as one of the happiest countries in the world. Another of its famous brands, Lego, which is a household item when you were or have a kid.

Corporate tax: 28% Gambling tax: 20%

Who manages E-Gambling in Denmark?
The Danish Gambling Authority

Overview:
Danske Spil used to have majority rights to online gambling licenses, though the state still holds exclusive rights to animal races and games based on pure luck.

The Danish government is extremely strict on advertisement and handing out licenses.

Licence Fee:
€36,000 per license, with a dual license application fee of €51,000 and an annual licensing fee ranging from €7,000 to €200,000, based on gross win.

Licence Length:
One Year

Software Testing Requirements:
NemID is a Danish Technical solution that lives up to OCES-standard encryption, which is used to register and log in every time on a gambling website.

Anti-Money Laundering Policy:
Danish license holders may only receive payment into a gambling account from a payment service that provides these services legally in Denmark in accordance with Danish payment services and Electronic Money Act.